Euro Currency Could Collapse And Trigger Another Great Depression, IMF Warns for The First Time!

• The IMF, ECB, FedRes, World Bank … and practically all central banks are privately owned Illuminist organizations. I still expect the Illuminists to pull the plug on the Eurozone around Aug-Oct 2012 followed by the Satanic World War 3, Greater Middle East War (triggered by an attack on Iran)! A global economic, financial and currency meltdown is coming! Got physical gold yet?
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  Euro currency could collapse and trigger another Great Depression, IMF warns for the first time! 
  by http://www.gold-prices.biz/home/
  The eurozone could break up and trigger a global economic slump to rival the Great Depression, the IMF warned last night. In its World Economic Outlook report, the International Monetary Fund said the collapse of the crisis-torn single currency could not be ruled out.
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  It was the first time the Washington-based insitution has accepted the prospect of the eurozone splitting up and follows fears over the health of the Spanish economy according to the Daily Mail.
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  The IMF predicted a return to recession in the eurozone this year but upgraded its growth forecasts for Britain. However, it warned that the world remains at risk of collapsing into a slump that would rival the Great Depression – with ‘acute risks in Europe’ the major threat. Things have quietened down but there is a very uneasy calm,’ said IMF chief economist Olivier Blanchard. ‘I have a feeling that at any moment things could get very bad again.’
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  Speaking at the launch of the half-yearly report in Washington, Mr Blanchard said there was ‘no plan’ in place to deal with a country leaving the euro. However Greece is widely expected to default on its crippling debts and quit the doomed single currency. ‘If such an event occurs, it is possible that other euro area economies would come under severe pressure as well, with a full-blown panic in financial markets,’ the IMF report said.
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  ‘Under these circumstances, a break-up of the euro area could not be ruled out. This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse.’ U.S. investment bank Lehman Brothers imploded in September 2008 – plunging the world economy into the worst recession since the 1930s. The IMF said that although ‘the outlook for the global economy is slowly improving again’ it is ‘still very fragile’.
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  It warned of the ‘possibility that several adverse shocks could interact to produce a major slump reminiscent of the 1930s’.
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